The long-term success of a company is of particular interest to both internal and external users...

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Accounting

The long-term success of a company is of particular interest toboth internal and external users of financial statements. Thelong-term success can be highlighted through the types of assetsthey have along with the Retained earnings of the company. Theliabilities are however a direct reduction of these two items. Howwould you go about indicating to investors that all accountbalances are valid and free from potential errors? What types offinancial records and information would you use to support yourclaims? Explain. (Please give a thoroughexplanation.)

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Answer Investor invests money in organization to earn investment income Company use this invests money in his business process and earns profit So Investor invests money in company securities only if he satisfied that company business have very good fundamentals For this purpose he analysis financial statement of company This is responsibility of organization management that he See Answer

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The long-term success of a company is of particular interest toboth internal and external users of financial statements. Thelong-term success can be highlighted through the types of assetsthey have along with the Retained earnings of the company. Theliabilities are however a direct reduction of these two items. Howwould you go about indicating to investors that all accountbalances are valid and free from potential errors? What types offinancial records and information would you use to support yourclaims? Explain. (Please give a thoroughexplanation.)